FINANCIAL INTEGRITY
Bantu Holomisa files suit demanding suspension of PIC’s Dan Matjila
The UDM leader is calling for an independent investigation after claims that the PIC board doctored documents to exonerate Matjila
Leader of the opposition United Democratic Movement Bantu Holomisa has filed court papers demanding that Finance Minister Nhlanhla Nene immediately suspend Public Investment Corporation (PIC) head Dan Matjila ahead of a disciplinary process. While Nene previously said the PIC board should investigate Matjila, according to the affidavit filed with the High Court in Pretoria Holomisa is calling for an independent investigation after claims that the board doctored documents to exonerate him of wrongdoing in an alleged payment to a company belonging to reputed girlfriend Pretty Louw. "The CEO is able to manipulate the investigation into allegations of misconduct against him for as long as he remains in his position," reads the affidavit. It claims board minutes were altered to clear Matjila.
Matjila is alleged to have asked a company in which the PIC had invested to pay off Louw’s alleged R300,000 debt. "The most important aspect relating to the allegations against the CEO is his ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.